EU earmarks €150m to boost renewable energy in Nigeria

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The European Union (EU) has committed €150 million to boost electricity supply in Nigeria with a focus on green and renewable energy, The Guardian reports.

The EU representative in Nigeria, Mr. Kurt Cornelius, disclosed this during the inauguration of a 85KWP Solar Hybrid Mini-Grid Project in Gbamu-Gbamu Village in Ijebu-East Local Council of Ogun State. He lamented that about 45% of Nigerians do not have access to electricity while the country spends about $13 billion yearly on generating sets.

The project was jointly financed by the EU and the German government under the Nigerian energy support programme of the Federal Government. Cornelius, who insisted that alternative energy remained the only solution to energy problems in the country, said the project was in line with the priorities of the EU in Nigeria.